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The Bush Administration is steaming ahead with the deployment of the Clinton-designed mid-course hit-to-kill intercept system for national missile defense. This has serious disabilities against even the simplest strategic ballistic missiles. What is the threat to the United States from such missiles, in context? Is NMD a rational response, considering the always limited resources of the U.S. government? What are the other threats and needs? If protection is demanded against potential emerging missile states, what are the options? Answers to these questions will be provided in the talk and some are already available at the author